A New York-based private real-estate investment firm has bought a 470-unit apartment complex in Danbury for $158 million, according to the city’s town clerk’s office.
AMFP VII ABBEY LANE LLC, controlled by Abacus Multifamily Partnership VII LP, acquired Abbey Woods Apartments, which sits on its own 546-acre nature reserve on Woodland Road and Abbey Lane, on March 2, according to land records.
Multifamily Partnership VII LP is a real estate fund managed by New York-based real estate investment firm Abacus Capital Group. Calls to the company, which has 55 properties across the U.S., according to its website, were not immediately returned.
Abbey Woods consists of five, seven-story apartment buildings containing a total of 637,830 square feet of space, and a one-story, 5,398-square-foot administrative building, according to property records.
The seller was 601 W Abbey Woods LLC and KE Abbey Woods LLC, both of which are controlled by Michael Silberberg, of New York. He is a managing member of 601W Companies, a New York-based private real estate firm. It bought the property for $124 million in 2019, property records show.
The development, which was built from 2012 to 2014, is appraised at $132.5 million and assessed at $92.8 million.
